Clearline Capital LP Has $25.03 Million Stake in TKO Group Holdings, Inc. (NYSE:TKO)

Clearline Capital LP decreased its stake in shares of TKO Group Holdings, Inc. (NYSE:TKO) by 51.9% during the third quarter, Holdings Channel reports. The firm owned 202,319 shares of the company’s stock after selling 218,625 shares during the quarter. TKO Group comprises about 1.1% of Clearline Capital LP’s holdings, making the stock its 8th biggest position. Clearline Capital LP’s holdings in TKO Group were worth $25,029,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in shares of TKO Group by 52.4% during the 3rd quarter. Blue Trust Inc. now owns 259 shares of the company’s stock valued at $32,000 after purchasing an additional 89 shares during the period. First Horizon Advisors Inc. grew its position in TKO Group by 491.5% during the third quarter. First Horizon Advisors Inc. now owns 278 shares of the company’s stock valued at $34,000 after buying an additional 231 shares during the period. MFA Wealth Advisors LLC purchased a new stake in TKO Group during the second quarter valued at approximately $36,000. Signaturefd LLC raised its position in TKO Group by 39.4% in the third quarter. Signaturefd LLC now owns 386 shares of the company’s stock worth $48,000 after acquiring an additional 109 shares during the period. Finally, Quarry LP purchased a new position in shares of TKO Group during the 2nd quarter worth $51,000. Institutional investors own 89.79% of the company’s stock.

TKO Group Price Performance

Shares of TKO stock opened at $137.96 on Monday. The stock’s 50-day moving average price is $124.86 and its 200-day moving average price is $115.98. TKO Group Holdings, Inc. has a 12-month low of $72.33 and a 12-month high of $139.45. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.34.

TKO Group (NYSE:TKO) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.28). The firm had revenue of $681.20 million during the quarter, compared to the consensus estimate of $665.12 million. TKO Group had a positive return on equity of 3.39% and a negative net margin of 1.26%. The business’s revenue was up 51.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.52 EPS. Analysts expect that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

Insider Buying and Selling

In other TKO Group news, insider Mark S. Shapiro sold 31,026 shares of TKO Group stock in a transaction on Monday, September 16th. The shares were sold at an average price of $114.76, for a total value of $3,560,543.76. Following the completion of the transaction, the insider now directly owns 42,156 shares of the company’s stock, valued at $4,837,822.56. This trade represents a 42.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 53.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TKO has been the subject of several analyst reports. Morgan Stanley upped their price objective on TKO Group from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. Guggenheim lifted their price objective on TKO Group from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, September 30th. The Goldman Sachs Group increased their target price on shares of TKO Group from $132.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. lifted their price target on shares of TKO Group from $132.00 to $137.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, Bank of America initiated coverage on shares of TKO Group in a research report on Tuesday, August 20th. They issued a “buy” rating and a $140.00 price target for the company. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $132.43.

About TKO Group

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.